Which One of the Following Transactions Occurs in the Primary

Multiple Choice

Which one of the following transactions occurs in the primary market?

A) Purchase of 500 shares of GE stock from a current shareholder
B) Gift of 100 outstanding shares to a charitable organization
C) Gift of 200 shares of stock by a mother to her daughter
D) A purchase of newly issued stock from the issuer
E) IBM's purchase of GE stock from a dealer